Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Sui (SUI) Soars Higher While Tracing a Familiar Pattern – What Could Come Next?

Sui (SUI) Soars Higher While Tracing a Familiar Pattern – What Could Come Next?

CoinsProbe2025/08/08 08:25
By: Nilesh Hembade
SUI-0.67%ETH+0.18%GMT+3.21%

Date: Fri, Aug 08, 2025 | 07:56 AM GMT

The cryptocurrency market is flashing bullish signals as Ethereum (ETH) reclaims the $3,900 mark for the first time since late 2024. This 6% daily jump has sparked a broader rally, lifting several major altcoins — including Sui (SUI).

SUI has turned green with an impressive 9% daily jump, extending its monthly gains to over 31%. However, its current chart structure reveals a familiar price behavior, which may offer clues about its next move.

Sui (SUI) Soars Higher While Tracing a Familiar Pattern – What Could Come Next? image 0 Source: Coinmarketcap

Familiar Pattern Hints at Potential Pullback

On the daily timeframe, SUI appears to be trading within a rising wedge — a pattern often associated with slowing bullish momentum and potential reversals.

Looking at the chart, we see a repetitive fractal pattern forming. In the previous cycle, SUI rallied after making a bullish moving average crossover (marked by the blue circle), pushing the price to the upper wedge resistance. However, this was followed by a breakdown below the 25-day MA (marked in red), leading to a sharp drop to the 100-day MA (green circle). From there, SUI found temporary support before dropping further to the lower wedge trendline — registering a correction of roughly 34%.

Sui (SUI) Soars Higher While Tracing a Familiar Pattern – What Could Come Next? image 1 Sui (SUI) Daily Chart/Coinsprobe (Source: Tradingview)

Fast forward to the present, and SUI seems to be repeating the same structure.

It recently bounced off the 100-day MA and has now reclaimed the 25-day MA — once again marked by a red circle, placing the asset in a similar position to its last breakdown.

What’s Next for SUI?

If this fractal pattern continues to unfold, a breakdown below the 25-day MA support at $3.79 would act as confirmation. This would open the door for a drop toward the 100-day MA at $3.42, and possibly a further decline toward the wedge’s lower trendline near $2.80 — representing a 26% drop from current levels.

However, if bulls manage to hold the 25-day MA, this would invalidate the bearish scenario and signal strength. In this case, SUI could climb higher, potentially retesting the upper resistance of the wedge around $4.40.

Final Thoughts

SUI is at a critical juncture, mirroring past price action with uncanny accuracy. Whether it repeats its prior drop or breaks out of the pattern will depend on how it reacts around the 25-day moving average. Traders should closely monitor these technical levels in the coming days.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Research Report|In-Depth Analysis and Market Cap of Recall Network(RECALL)
2
Vitalik praises Brevis Pico Prism: ZK-EVM verification speed and diversity have taken a major step forward

Crypto prices

More
Bitcoin
Bitcoin
BTC
$110,872.37
-1.92%
Ethereum
Ethereum
ETH
$4,000.87
-4.35%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$1,192.88
-0.26%
XRP
XRP
XRP
$2.4
-4.79%
Solana
Solana
SOL
$192.92
-6.80%
USDC
USDC
USDC
$1.0000
+0.01%
TRON
TRON
TRX
$0.3223
+0.56%
Dogecoin
Dogecoin
DOGE
$0.1970
-4.09%
Cardano
Cardano
ADA
$0.6709
-4.56%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter